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Dec 30, 2012
12/12
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good to be with you. >>> fiscal cliff talks, we are at a standstill, 32 hours before we reach the edge of this press cis miss. senate sfleshts taken the time out to speak after the butting heads on two key issue, one involving tax rates, the other social security. ali velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of the senate republican leadership, senator john thune, who just came out of the senate republican meet egg. senator, can you tell us where do things stand as far as republicans feel? >> well, look, republicans advanced a proposal last night. you heard senator mcconnell talk about that on the floor. we are still awaiting a counteroffer by the democrats. and there was an indication that we could have received that by 10:00 this morning. we have yet to receive it. but there are discussions that continue. senator mcconnell and vice president biden are continuing to discuss this and we think there perhaps still could
good to be with you. >>> fiscal cliff talks, we are at a standstill, 32 hours before we reach the edge of this press cis miss. senate sfleshts taken the time out to speak after the butting heads on two key issue, one involving tax rates, the other social security. ali velshi is in new york, dana bash is live on capitol hill. we will start with you, dana. what has gotten lawmakers now not seeing eye to eye? >> reporter: actually, let me answer that by asking one of the members of...
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Dec 31, 2012
12/12
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with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for chuck hagel? the president defends his possible defense secretary pick. >>> good morning from washington. it's the last day of the year, december 31st, 2012, and this is "the daily rundown." i'm chris cillizza in for chuck todd. with sweeping tax increases and across-the-board spending cuts set to take effect at midnight, even lawmakers are now publicly pessimistic about the ability of congress to, well, get anything done. at best, democrats and republicans will patch together a limited, short-term deal to avoid the most immediate economic impacts of the fiscal cliff. with 15 hours to go and counting, members of congress ar
with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton was set to return to work, she suddenly is hospitalized for a blood clot stemming from that concussion she sustained recently. >>> and in an nbc news exclusive, president obama lays out his second-term priorities, and guns didn't make the list. >>> plus, is there new hope for...
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Dec 24, 2012
12/12
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WBAL
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 24, 2012
12/12
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 31, 2012
12/12
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., is all about spending your money as we await the outcome of those fiscal cliff negotiations. on the positive side, you won't be seeing $8 a gallon for milk because congress acted in time to head off an expiring agricultural bill with a one-year extension instead of the five-year one being sought. on the downside, those of you who love your 75-wood incandescent light bulbs better stock up. new laws forbid them from being imported or produced in 2013. >>> the "tribune" company announced it is emerging from bankruptcy today with new ownership and board of directors. >>> "forbes" has compiled a list of new year's resolutions that successful people make and actually keep. among them, plan vacations now. wake up to the essential first, check e-mail second. support a cause. find your purpose and go for it! >>> straight ahead, an ice rescue like you have never seen before. >>> plus, late last week, former first lady barbara bush called one of her ailing husband george's favorite bands and requested a private concert. the oak ridge boys were on vacation, but since they've been best fr
., is all about spending your money as we await the outcome of those fiscal cliff negotiations. on the positive side, you won't be seeing $8 a gallon for milk because congress acted in time to head off an expiring agricultural bill with a one-year extension instead of the five-year one being sought. on the downside, those of you who love your 75-wood incandescent light bulbs better stock up. new laws forbid them from being imported or produced in 2013. >>> the "tribune"...
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Dec 31, 2012
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is about spend urge money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be import order produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's resolution that successful people make and actually keep. among them plan vacations now. wake up to the essentials first, check e-mail second. support a cause. find your purpose and go for it. go for it. new year's day marks the 150th anniversary of emancipation proclamation. the document is once again on display. ron mott has details. >> reporter: showing its age the emancipation proclamation still draws attention. >> it's amazing to see abraham lincoln's signature. >> reporter: today the frail order consigned to history on january 1st, 1863 by abraham lincoln is again on public d
is about spend urge money as we await the outcome of the fiscal cliff negotiations. on the positive side you won be seeing $8 a gallon for milk because congress gave a one year extension for the farm bill. those who love your 75 watt light bulbs stock up while supplies last. new federal laws prohibit them to be import order produced in 2013. the tribune company announced it's emerging from bankruptcy with new ownership and new board of directors and forbes has compiled a list of new york's...
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Dec 31, 2012
12/12
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we have more from our guests, and coming up at the top of the hour, the fiscal cliff is just hours away with the defense industry expected to be hard-hit immediately. we will tell you how the pentagon is preparing for drastic spending cuts, that's coming up at 8:00 a.m. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. fwl >> coming up, still no deal
we have more from our guests, and coming up at the top of the hour, the fiscal cliff is just hours away with the defense industry expected to be hard-hit immediately. we will tell you how the pentagon is preparing for drastic spending cuts, that's coming up at 8:00 a.m. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also...
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Dec 31, 2012
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. >> fiscal cliff negotiations are now down to the wire with a midnight deadline just hours away. that's tonight, new year's eve. at stake, the prospect of sweeping tax hikes and across-the-board spending cuts if a deal is not reached. and all indications are it's not looking good. here's the latest. the senate is scheduled to reconvene at 11:00 this morning. any deal today would have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday, minority leader mitch mcconnell reached out to someone he believed could help jump-start the negotiations and perhaps deliver an 11th-hour compromise. that's vice president joe biden. mcconnell and biden reportedly spoke several times by phone throughout the night after talks with harry reid came to a halt. welcome back, everyone, to "morning joe." that's the latest. ed rendell and jeffrey sachs all with us along with sam stein and michael steele in washington. joining us also in washington, senior national correspondent for "bloomberg businessweek," joshua green. and joshua, before we go on to w
. >> fiscal cliff negotiations are now down to the wire with a midnight deadline just hours away. that's tonight, new year's eve. at stake, the prospect of sweeping tax hikes and across-the-board spending cuts if a deal is not reached. and all indications are it's not looking good. here's the latest. the senate is scheduled to reconvene at 11:00 this morning. any deal today would have to be rushed through both chambers of congress before midnight. as talks in the senate stalled yesterday,...
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Dec 28, 2012
12/12
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seema, thank you very much. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president might lay down an offer for a small deal, some type of extension of the bush tax cut for those under 250 or maybe on up to $400,000 if that's where negotiations take him. and then throw in a bunch of other cats and dogs like, for example, an extension of unemployment insurance for those people whose unemployment insurance is going to run out. a couple of other items and call that a deal. that may be where we're headed here, but we simply don't noah head of this meeting, which is now just about 55 minutes away. meanwhile, here in washington at least one republican senator took the opportunity today to say all of th
seema, thank you very much. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the best? >> everybody is certainly talking about it but there are not a whole lot of people who know what will happen here. the sliver of hope is the consensus expectation in watching ton is that the president...
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Dec 26, 2012
12/12
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. >>> 15 minutes past the hour. you've heard a lot about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was i
. >>> 15 minutes past the hour. you've heard a lot about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and...
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Dec 26, 2012
12/12
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. >>> coming up, days away from going over the so-called "fiscal cliff." what the president is doing to try to reach an 11th hour deal. >>> it's the day after christmas which means a milestone for retailers and gift returners. we'll tell you how early some stores in the bay area open when we return on cbs 5. ,,,, dozens of tornadoes spottedn the south.. today, residents are getting their >> your realtime captioner: linda marie macdonald. >>> we came out and we saw this, what did you think? >> thank god i'm alive. >> dozens of tornadoes spotted in the south. today residents getting a first look at the damage. >> and we're going to have on- and-off rain showers throughout the morning into the afternoon. when will the wet weather end? we'll let you know coming up. in the meantime, it's also causing some slick conditions even flooding out in sonoma county. traffic and weather together every 10 minutes. >>> good morning, everyone. it's wednesday, december 26. i'm michelle griego. >> i'm brian hackney. frank is off today. thanks for coming to cbs 5. >>> much of
. >>> coming up, days away from going over the so-called "fiscal cliff." what the president is doing to try to reach an 11th hour deal. >>> it's the day after christmas which means a milestone for retailers and gift returners. we'll tell you how early some stores in the bay area open when we return on cbs 5. ,,,, dozens of tornadoes spottedn the south.. today, residents are getting their >> your realtime captioner: linda marie macdonald. >>> we came...
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Dec 29, 2012
12/12
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we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> allow me a quick update here. that press conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't g
we are going over the fiscal cliff. we are going either all the way over or going partly over, but we are definitely, definitely going over. that whole fiscal cliff thing, where congress and the white house can't reach a deal on taxes and spending before the end of the year and they maybe get us into a recession, it's definitely happening. that was the whole point of president obama's press conference this afternoon. >> i still want to get this done. it's the right thing to do for our...
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Dec 31, 2012
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. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides to prevent taxes going up tomorrow for every family in america. >> joining me live right now is democratic congressman steve israel of new york, who is chairman of the democratic congressional campaign committee. a lot happening there, congressman. thanks for speaking with us. just to get some details we just got handed to us from kelly o'donnell, that is that in the latest deal in terms of the details, the taxes that are being discussed, regardless of the rate for a moment, they would be permanent and would not have a sunset provision. again, the progress is that they have come up with some understandi
. >>> about 12 1/2 hours and counting now until we could fall off the so-called fiscal cliff. the house and senate are both in session. there are reports of progress in reaching a deal there. here is senator majority leader harry reid in just the past half hour. >> there are a number of issues on which the two sides are still apart and negotiations are continuing as i speak. whether or not we reach an agreement in the short time we have left we'll need cooperation on both sides...
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cliff compromise passed overwhelmingly by the senate in the wee hours of this new year's day. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we get the latest on the stalemate plus we hear from republican tom cole of oklahoma and democrat chris van hollen of maryland. >> woodruff: jeffrey brown has an update on some of the areas hit hardest by superstorm sandy where recovery continues at a slow pace. >> suarez: we talk with journalist and author claudia kolker about her research into the "immigrant advantage." it's still without electricity, gas, sewers or water. and we continue our conversations with new members of the 113th congress. tonight the senator-elect from nebraska, republican deb fischer. >> woodruff: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ong
cliff compromise passed overwhelmingly by the senate in the wee hours of this new year's day. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we get the latest on the stalemate plus we hear from republican tom cole of oklahoma and democrat chris van hollen of maryland. >> woodruff: jeffrey brown has an update on some of the areas hit hardest by superstorm sandy where recovery continues at a slow pace. >> suarez: we talk with journalist...
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Dec 24, 2012
12/12
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the fiscal cliff looming larger. enough insight into how a deal blew up and then there is the story of the woman who was fired because her boss thought she was irresistible. all that top of the hour. see you then . . start ♪ ♪ . >> rick: if you make another one of shows video, i want to be part of it. he has opened up for country music stars likes dierks bentley and blake shelton and the shopping you heard "shine," propelled him to the top of the charts. now he's spreading holiday cheer with a song called "our christmas." looks like an amazing time in the video. >> it is an amazing time. it's great. >> rick: tell me about the song you're going to perform for us. >> it's a little christmas diddy it make you feel good. it's christmas eve today. it makes you feel good about you you and your lady friend if you have one. >> rick: that's what we need. there you go. why don't you guys play for us right now. >> all right. ♪ string up the lights baby ♪ break out the cheer ♪ jingle bells jingle well it's that time of
the fiscal cliff looming larger. enough insight into how a deal blew up and then there is the story of the woman who was fired because her boss thought she was irresistible. all that top of the hour. see you then . . start ♪ ♪ . >> rick: if you make another one of shows video, i want to be part of it. he has opened up for country music stars likes dierks bentley and blake shelton and the shopping you heard "shine," propelled him to the top of the charts. now he's spreading...
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Dec 25, 2012
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jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from parkinson's disease. that's why you often see him using a motorized wheelchair or scooter. he also takes medication for an irregular heartbeat and suffers from a mild form of grave's disease, which is a thyroid condition the former president had surgeries to replace both hips. his most recent operation was in 2007. jamie: we send our best wishes to the entire family. kelly: we do. jamie: a new tribute to the victims of the sandy hook school shooting. we can't do enough to let them know we care. a community far from connecticut got together to
jamie: how will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from...
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Dec 27, 2012
12/12
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. >> new information on the fiscal cliff talks in washington. united states senate convened about an hour ago. this is a live picture of oregon democratic senator ron wyden on the floor discussing the deadline. we have learned that the president called the democratic majority lead, minority leader and house speaker and senate minority leader. now coming up at 8:15 the fiscal cliff negotiations and the effort to prevent one of the largest tax increases and budget cuts in united states history. >> we are still watching the accident in napa. >> we have a lot of traffic around fifth street near downtown. the westbound lane blocked due to a two car crash. a woman was trapped inside of her car. we will take a look at the bay bridge. you can see traffic flowing nicely. 880 near the oakland coliseum we have traffic gluing well in both directions. no delays to report. in the south bay 280 at 880 split those headlines northbound traffic toward santa claire a. >> hi. we are -- taking a live look outside. showing you cloud coast mostly cloudy skies over mos
. >> new information on the fiscal cliff talks in washington. united states senate convened about an hour ago. this is a live picture of oregon democratic senator ron wyden on the floor discussing the deadline. we have learned that the president called the democratic majority lead, minority leader and house speaker and senate minority leader. now coming up at 8:15 the fiscal cliff negotiations and the effort to prevent one of the largest tax increases and budget cuts in united states...
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Dec 26, 2012
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cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost lov
cliff. if mr. obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal...
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Dec 25, 2012
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cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektded until 2014 when people file for 2013 stackses. there are certain things that are impacted right away like the payroll tax cut. for individuals earning about $50,000 a year, they'll be having to pay about $85 less because of the payroll tax cut will be expiring so that will be, again, almost $90 a month that will mere live come into play but the majority of the individuals when 2014, when they file their taxes they might be in for a surprise if we don't get to a deal quickly. >> what do people need to do to prepare themselves? >> well, essentially what we have to understand is that let congress deal with this fiscal cliff stuff. we have to worry about our fiscal houses. we can't control. we can vote. we can lobby but we can't control what they do in the long run. what we can control is our own fiscal house. you can't control what the deal does but you can c
cliff. if we go off the fiscal live how will mooirn and everybody's paycheck be affected? the majority of the paycheck won't be afeektded until 2014 when people file for 2013 stackses. there are certain things that are impacted right away like the payroll tax cut. for individuals earning about $50,000 a year, they'll be having to pay about $85 less because of the payroll tax cut will be expiring so that will be, again, almost $90 a month that will mere live come into play but the majority of...
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Dec 26, 2012
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back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white house correspondent ed henry is in beautiful honolulu. aloha, ed. [laughter] >> reporter: aloha. [laughter] well, it's interesting pause you say the sticking point -- because you say the sticking point is taxes going up, which is true, but the other big one will be spending cuts because the latest offer, we've been through plan a which was that $4 trillion debt deal, plan b which fell apart on speaker john boehner last week, now we're basically on plan c which president obama says would be dealing with short-term issues like two million people who
back from the edge of the fiscal cliff. and welcome to a brand new hour of "america live," i'm heather childers. gregg: and i'm gregg jarrett, megyn is off today. senate lawmakers also cutting short their holiday break. the real sticking point is in all of this has been the president's proposed tax hike. both sides suggesting a cooling-off period was necessary before getting back to business, but the word from both democrats and republicans today, nothing has changed. chief white...
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Dec 28, 2012
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with lack -- with a lack of any significant progress to deal with the fiscal cliff issue. we need leadership. we need the president's leadership. we need leadership by republicans and democrats. we need the house and senate. and while i say i'm willing to -- to -- that i want an agreement, i would also say that i'm willing to appreciate the fact that i will not get everything that i might want in an agreement. but the consequences of our failure seem to me to be so significant that we ought to find common ground. i understand we might reach an agreement that deals with a portion of the so-called fiscal cliff and i want to point out that we're only really talking these days about the tax consequences of the fiscal cli cliff. i don't know exactly how fiscal cliff came into existence, that phrase. i don't know where those words came from. i don't know exactly what they mean. i think they probably mean different things to different people. but it seems to me that the fiscal cliff that we face is based upon sequestration, this plan that was put in place by the budget control ac
with lack -- with a lack of any significant progress to deal with the fiscal cliff issue. we need leadership. we need the president's leadership. we need leadership by republicans and democrats. we need the house and senate. and while i say i'm willing to -- to -- that i want an agreement, i would also say that i'm willing to appreciate the fact that i will not get everything that i might want in an agreement. but the consequences of our failure seem to me to be so significant that we ought to...
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Dec 26, 2012
12/12
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we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of th
we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas...
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Dec 26, 2012
12/12
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we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the nation's capital, a long-time friend of the gun lobby. he's been tapped to lead the nra plan to put armed guards in schools.nra plan to put armed guards in school. also the weather is a very big story. blizzard conditions in indiana and other places. we'll take a look at just how bad that can get. all that at the top of the hour. >> joe johns, thank you. >>> they inspire us, sometimes they even anger us. they're the most intriguing people of 2012. so who made the list? broo brooke baldwin counts down the top ten people who shaped the year that was. >> number
we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the...
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Dec 28, 2012
12/12
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. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two sides were meeting, the dow rebounded to positive territory. expect another day like that today. we'll talk with debbie stabenow. >>> he was the most popular american general since world war ii. tributes from around the world are pouring in for stormin norman schwarzkopf. he crushed the iraqi military in the 1999 gulf war and liberated kuwait. he may have been the perfect front man for a war that played out live in your living room. barbara starr live with more. barb rar? >> president obama remembers general is schwarzkopf as an american original. he accomplished something on the battlefield few oth
. >> now would be a very good time to assess the impact of the fiscal cliff on your 401(k). despite the fact that leaders are meeting this afternoon. the dow, nasdaq, and s & p futures all pointing lower this hour. investigators have no stomach for this high-stakes game of chicken played on capitol hill. look at yesterday's chart for the dow. the index taking a big dive at the open with investors finding little hope for a fiscal cliff come on misz. when word came out that the two...